- BB&M International of Las Vegas, Nevada, is under preliminary investigation for possible criminal and securities fraud.
- Global Royalties, Ltd. of Mississauga ON Canada, is under preliminary investigation for possible criminal and securities fraud.
- Homeland Energy of Palm City, Florida, is under preliminary investigation for possible criminal and securities fraud.
- First Liberty Energy of Boca Raton, Florida, is under preliminary investigation for possible criminal and securities fraud.
- Stephens Oil & Gas is Under Preliminary Investigation
- Generally, most issues of securities offered in interstate commerce, through the mail or on the internet must be registered with the SEC.
- As of 2006, the FBI estimated an approximate $40 billion per year was being lost by individuals in Securities and Commodities Fraud.1
- During FY 2006, the FBI investigated 1165 cases of Securities and Commodities fraud and recorded 302 indictments and 164 convictions. Many of these Securities Fraud cases are pending plea agreements or trials. The following notable statistical accomplishments are reflective in FY 2006 for Securities and Commodities Fraud: $1.9 billion in Restitutions, $20.6 million in Recoveries, $80.7 million in Fines, and $62.7 million in Seizures.1
- Many people who have lost money to investment fraud do not come forward due to feeling embarassed for having fallen for the scheme.
- Misrepresentation (Fraud) is among the most frequent of securities and investment related claims.
- Senior Citizens are a large target for fraud due to being likely to have a "nest egg," being more trusting, less likely to know who to report the crime to, feeling more ashamed of having been a victim, not making great witnesses because of the effects age has on the memory, and more. 2
- The Federal Trade Commission (FTC) estimates that 25 million Americans are victims of consumer fraud each year.
- Working Interest Investments in Oil & Gas are highly volatile and have an extremely high risk.
- Under US Code TITLE 18 > PART I > CHAPTER 113A > § 2326, an individual appears to be considered elderly by the US Government at age 55.
- FBI - Financial Crimes Report to the Public
- FBI - Fraud Target: Senior Citizens